Wednesday, May 19, 2021

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 567: Interview with Chris Walsh, CEO of MJ Biz Daily

 



 

Investor Ideas #Potcasts, #Cannabis News and #Stocks on the Move; Episode 567: Interview with Chris Walsh, CEO of MJ Biz Daily

 

Delta, Kelowna, BC, May 19, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/051921-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/05191Interview-Chris-Walsh-MJ-Biz-Daily.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast Investorideas interviews Chris Walsh, CEO of Marijuana Business Daily, where we discussed the state of the cannabis industry, the industry expectations around federal reform in the US as well as how the last year of changes has affected MJ Biz Daily and expectations around this year’s MJ BIz Con in Vegas.

 

Chris Walsh took over the CEO reins at Marijuana Business Daily Jan 2020 and has been a very visible thought leader/analyst in the industry for the past decade.

 

When asked about the last year for MJ Biz Daily, Walsh commented, “Last year the cannabis industry itself did really really well, but for ourselves and our business model, it was a really tough year, possibly one of the worst you could envision if a big chunk of your revenues came from events. We had to really buckle down and re-envision what we were doing and how we were doing it, and how we could serve this industry in this difficult environment. Even though the cannabis industry fared well overall, there was still a lot of uncertainty for everyone in the industry both personally and professionally. We’re now on the tail end of this, knock on wood, so as a business we’ve made it through a really difficult time and it’s been quite the year and we’re really excited to come out of it.”

 

MJ BIz Daily went through many of the same trials and errors that other event coordinators faced in trying to pivot a live event to the online community. Walsh discussed what they personally learned from their experiences, saying, “Our first approach was to try to take what we were going to do in person and try to put it online, and no one had really had to do this before in the event world. So that was our strategy and what we learned was you can’t do that, and you can’t do it effectively. Simply taking that experience and saying you're going to have the same experience online just doesn’t translate. We looked at what happened, we looked at what other events were doing, we got feedback and we tried to re-envision MJ BIz Con. That really involved clearing the slate and looking at what the industry needs in general right now. So we started there and it was really about connections, networking, getting in front of clients and still that education piece. So we built an infrastructure around that. We had a product showcase, instead of a virtual show floor. We also realized that this whole video zoom fatigue is real, so we had to shorten the content and deliver it in bite sized chunks and make sure it's available on demand, because you're not expecting people, like in a real event, to be captured with you for eight hours long.”

 

MJ BIz Con is coming back this year to Vegas on October 20th-22nd, and Walsh discussed the current interest they have received towards this year’s event, saying, “as we came out of this and said MJ Biz Con was a go, we weren’t sure what to expect. Were people going to come back? Do people have money to spend and get out? What we’re finding is the demand is really really strong. Will we be at 2019 levels, I’m not sure, but we certainly could be. All the intel we’re getting is that companies in this industry, and professionals and entrepreneurs are eager to get back out there. In fact we’ve been hearing many people mention having conference fatigue from before and now they can’t wait to get back to MJ BIz Con and to get back out there. It’s kind of like you don't know what you have until it’s gone and I think people are starting to realize that.”

 

Chris Walsh went on to discuss some of the industry trends over the last year, what he’s been seeing this year as more momentum builds around federal reform in the US and what current industry expectations are surrounding federal reform.

 

Chris wMJ Biz Daily have also recently launched their ow weekly podcast, Seed to CEO, where Chris Walsh interviews a pro to reveal stories behind their success.

 

From learning how to find funding for cannabis businesses; whether to focus on cultivation, THC product manufacturing, or marijuana retail; common pitfalls to avoid; predictions for cannabis legalization and where to find the next opportunity as a cannabusiness entrepreneur.

MJ Biz Daily also recently released their Annual Marijuana Business Factbook, 9th Edition, which forecasts U.S. sales of recreational and medical marijuana to reach $45.9 billion by 2025.

Other key findings from the report:

       In 2021, U.S. cannabis sales are expected to reach $22 billion-$26.4 billion.

       100% of investors expect the industry to do better in 2021 than in 2020.

       The cannabis industry will offer over 400,000 full-time jobs in 2021.

       The new, adult-use market in New York should reach sales of $2.5 billion by year five.


 


“2020 was an important year in cannabis,” says Annual Marijuana Business Factbook editor Jenel Stelton-Holtmeier. “Many marijuana businesses were declared essential during the pandemic, and more states legalized cannabis markets. 2021 will see more states join in, and their programs are getting started faster than we’ve previously seen.”

“There is no doubt that marijuana is big business,” Chris Walsh, CEO of MJBiz, observes. “Sales will soon exceed that of craft beer and other mainstream businesses. There is clear momentum for exponential growth, with New York and other states with dense populations starting legal sales.”




MJBiz’s Annual Marijuana Business Factbook provides these and other exclusive cannabis insights for investors, entrepreneurs and business owners, including:

       Estimates of the U.S. cannabis industry’s total economic impact.

       Comparisons of cannabis sales to sales in other industries.

       Annual revenue and operating costs for indoor cultivators.

       Fastest-growing adult-use edibles and topicals.

       2020 revenue for cannabis retailers.

       Global investment activity in the cannabis industry by company type and year.

 

The 2021 version includes 41 charts and a state-by-state overview of regulations, taxes, market conditions and what to watch for.

 

It is available for sale, in print or digital format, at www.mjbizdaily.com/factbook.

 

For additional data:
Pamela Moore - pam.moore@mjbizdaily.com
(720) 213-4057/ (443) 690-5210 (m)

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

 

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Play Music and most audio platforms available.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research , guest posts and original  articles and podcasts in leading stock sectors.  Learn about investing in stocks and get  investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.   

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

Learn more about sponsoring this podcast or be a guest and our other branded content opportunities at Investorideas.com

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

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Tuesday, May 18, 2021

Investor Ideas Cannabis ideas - Cannabis Stock News: Fiore Cannabis (CSE: FIOR) Announces Expanded Product Portfolio for Nevada Market

Investor Ideas Cannabis ideas - Cannabis Stock News: Fiore Cannabis (CSE: FIOR) Announces Expanded Product Portfolio for Nevada Market

Investor Ideas #Potcasts 566, #Cannabis News and #Stocks on the Move; (TSXV: $HITI.V) (OTCQB: $HITID), (TSX: $VIVO.TO) (OTCQX: $VVCIF), (TSXV: $NOVC.V), (TSX: $WEED.TO) (NASDAQ: $CGC) (OTCQB: $GPFT)

 



Investor Ideas #Potcasts 566, #Cannabis News and #Stocks on the Move; (TSXV: $HITI.V) (OTCQB: $HITID), (TSX: $VIVO.TO) (OTCQX: $VVCIF), (TSXV: $NOVC.V), (TSX: $WEED.TO) (NASDAQ: $CGC) (OTCQB: $GPFT)

 

 

Delta, Kelowna, BC, May 18, 2021 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2021/051821-StocksToWatch.mp3

 

Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/05181HITI-VIVO-NOVC-WEED-GPFT.asp

 

Hear the investor ideas potcast on Spotify

 

Hear Investor ideas cannabis potcast on iTunes  

 

Today’s podcast overview/transcript:

 

Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.

 

In today’s podcast we look at a few public and private company announcements.

 

High Tide Inc. (TSXV: HITI) (OTCQB: HITID), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, announced today that it has been added to the Cannabis ETF (NYSE: THCX). Listed on New York Stock Exchange's Archipelago Exchange, the THCX tracks the Innovation Labs Cannabis Index, a portfolio of 33 stocks that are expected to benefit from the growth of the legal global marijuana, cannabinoid and hemp industries.

 

"High Tide's inclusion in THCX is a significant vote of confidence in the progress we have made growing and expanding our business, particularly in the United States", said Raj Grover, President and Chief Executive Officer of High Tide. "Today's news provides us with an additional tool to broaden our reach and profile among U.S. investors who are attracted to High Tide's consistent track record of delivering profitability and results for shareholders. With our pending listing on Nasdaq, we hope that more institutions and ETFs will continue to take positions in High Tide", added Mr. Grover.

 

 

VIVO Cannabis Inc. (TSX: VIVO) (OTCQX: VVCIFtoday released its first quarter 2021 financial and operating results.

 

"In the first quarter of 2021, VIVO made significant contributions to its organizational foundation with the EU-GMP certification of the Vanluven Facility and by strengthening its balance sheet with an equity offering completed in February 2021." said Rick Fitzgerald, interim-CEO of VIVO. " We also continue to enhance our Cannabis 2.0 line of products with the formulation of our new brick hash offering and our soon to be released topical offering."

 

The Canadian Cannabis industry continues to face strong headwinds caused by retail price compression and customer inventory rationalization.

 

Net revenue for Q1 2021 was $5.5 million, representing a 11% decrease quarter-over-quarter as compared to Q4 2020, driven by a one-time $0.6 million excise tax underestimate, a late Q4 2020 Australian shipment and overall Canadian market compression in the quarter.

 

VIVO continued to sustain top-tier prices for its medical and adult-use dry flower products, with a net average selling price (net of excise) of $6.28 per gram in Q1 2021, up 5% from Q4 2020 due to product mix.

 

Sales, general and administrative expenses were $4.1 million in Q1 2021, compared to $5.1 million in Q4 2020, a reduction of 20% driven by targeted cost reduction activities and one-time restructuring costs incurred in Q4 2020.

 

The Company's adjusted EBITDA(1) was ($2.4) million for the quarter, compared to ($4.8) million in Q4 2020, the difference primarily driven by targeted cost reduction activities and  restructuring in the prior quarter.

 

VIVO continued to strengthen its balance sheet through its $8M capital raise. The cost reduction activities and the capital raise allowed for an increase in its cash and cash equivalents balance from $5.7M in Q4 2020 to $16.9M in Q1 2021.

 

Nova Cannabis Inc. (TSXV: NOVCtoday released its unaudited condensed interim consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2021.

 

"Nova has been executing its growth strategy to bring everyday value for real cannabis consumers through the Value Buds banner," said Darren Karasiuk, CEO of Nova. "The increase of over 120% in the sales from the first 18 stores we've converted to Value Buds in the last few weeks is evidence of our strategy's effectiveness. As Alcanna experienced with their Deep Discount trial stores in 2020, we expect further increases in sales in the coming weeks and months as more consumers in those trade areas discover our value proposition and as we expand the Value Buds footprint through more conversions and new store openings."

 

"Nova now has 53 stores operating and a further 30 stores in development, with the majority scheduled for completion in 2021. This is exclusive of a number of other potential sites that we are evaluating, and we continue to lever Alcanna's relationship with national landlords to identify store locations that we believe represents sustainable value. We plan to build one of the largest retail cannabis footprints in Canada, but what we believe sets us apart is our strategic focus on the high-volume value-conscious consumer and our ability to offer a truly better alternative to the illicit market."

 

Business and Operating Highlights:

       Converted eighteen (18) stores from either the Nova Cannabis or the Deep Discount Cannabis banners to the Value Buds banner in Alberta in Q1 and to date in Q2 2021.

       Early performance from the stores converted to the Value Buds banner have already seen, on average, transaction count and sales increases of in excess of 120% compared to the period before conversion:

       Increased sales under the Value Buds banner were realized at a gross margin as a percentage of sales of approximately 19% compared to approximately 32% in the period before conversion; and

       As we continue to increase the number of Value Buds locations and introduce this banner to more customers, we anticipate that our gross margin as a percentage of sales will blend out to be approximately 12% to 15% in the second half of 2021 and we anticipate that the sales increases already realized to date will continue and possibly accelerate.

       Currently, thirty (30) new stores are under development/construction – nineteen (19) in Ontario and eleven (11) in Alberta; most are expected to open in the second half of 2021. In addition, Nova has another thirty (30) new store locations in Ontario under active negotiation.

       To date in May, converted Nova's original Ontario store on Queen Street West to Value Buds and opened one (1) new Value Buds store at Bloor and Lansdown in Toronto, Ontario.

 

The Company expects to adopt an aggressive and disciplined stance toward growth focusing on:

       Organic store openings

       Opportunistic and sensible acquisitions to complement organic growth

       Same-store sales growth

       Private label

       Basket size growth

 

When it comes to both organic growth and acquisition opportunities, the Company is focused on store locations that have long-term viability. Management recognizes that in Ontario, due to its historically slow retail cannabis store rollout, many existing cannabis retail locations have enjoyed monopoly-like positions in very large trade areas. These monopolies have provided many cannabis retailers with revenues that we believe are unsustainable with greater competition and vulnerability to new retailers who can offer better pricing as well as traditional retail fundamentals such as visibility, parking, and proximity to other customer draws.

 

Additional store conversions to the Value Buds banner will continue in Q2 and Q3 2021. Store banner conversions from the legacy banners of YSS and Sweet Tree to our new discount-focused banner, Value Buds, have been delayed by the world-wide microchip shortage resulting in longer than expected lead times to acquire point-of-sale hardware and other equipment necessary to properly operate the stores as Value Buds; however, we believe that these conversions will be substantially completed in Q3 2021.

 

 

 

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGCwill release its financial results for the fourth quarter and fiscal year 2021 ended March 31, 2021 before financial markets open on June 1, 2021.

 

Following the release of its fourth quarter and fiscal year 2021 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Mike Lee, EVP & CFO at 10:00 AM Eastern Time on June 1, 2021.

 

 

A live audio webcast will be available at:

https://produceredition.webcasts.com/starthere.jsp?ei=1455554&tp_key=5f1698b420

 

A replay will be accessible by webcast until 11:59 PM ET on August 30, 2021 at:

https://produceredition.webcasts.com/starthere.jsp?ei=1455554&tp_key=5f1698b420

 

Grapefruit USA, Inc. (OTCQB: GPFT), a diversified California-based cannabis and hemp company, today announced that it has commenced accepting cryptocurrency as payment at its recently launched e-commerce store: www.hourglassonlinestore.com

 

Grapefruit’s customers who prefer to use Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now be able to “convert” their crypto of choice at checkout to make purchases at the Company’s new e-commerce store.

 

With respect to the Company’s novel acceptance of cryptocurrencies, Bradley J. Yourist, GPFT CEO, commented, “Grapefruit’s THC-free hemp-derived CBD Hourglass technology-driven products, just like cryptocurrencies and the blockchain, are the future, and Grapefruit’s acceptance of crypto as payment demonstrates GPFT’s outreach to the explosively growing demographic of crypto early adopters and other ‘younger’ buyers who also seek the holistic benefits of Grapefruit’s THC-free, hemp-derived Hourglass time-release CBD products. Everyone, young and old, experiences sore muscles from working out and other aches and pains, and our THC-free hemp-derived CBD Hourglass-powered products can provide a solution for all demographics – whether they choose to pay by American Express Platinum or Dogecoin on our accurate and secure payment platform. We envision the days after Sen. Schumer succeeds in his efforts to decriminalize THC and customers from the 50 states and throughout the world will be able to use crypto to pay for purchases of our full-spectrum THC Hourglass time-release technology-powered products through our e-commerce platform.”

 

Grapefruit is devoted to selling only the highest-quality, plant-based, independently tested and reliable cannabis and hemp products and will make no claims unless clinically validated. All of Grapefruit’s THC-free hemp-derived CBD-based products to be marketed and sold on the new e-commerce website will be thoroughly tested and include a QR coded certificate of analysis, which will provide consumers with a complete list of third-party-verified ingredients certifying each product’s cannabinoid content, purity and safety. The Company does not recommend investing in cryptocurrencies without doing your own due diligence and obtaining the advice of an investment advisor or other counsel.

 

To learn more about the new Grapefruit Affiliate Program, please visit:

https://hourglassonlinestore.com/affiliates/

To learn more about the new e-commerce store, please visit:

https://hourglassonlinestore.com/

To learn more about Grapefruit, please visit InvestorBrandNetwork:

https://www.investorbrandnetwork.com/clients/grapefruit-usa-inc/

To learn more about Grapefruit’s new sustained-release Hourglass™ THC + Cannabinoid Topical Delivery Cream, please watch this promotional video, https://www.youtube.com/watch?v=6cU9MJMgH1w&feature=youtu.beand visit our website at

https://grapefruitblvd.com/hourglass/.

To learn more about Grapefruit, please visit our website at:

https://grapefruitblvd.com/investor-relations/

 

Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.

 

Learn more about our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp

Or www.potcasts.ca

To hear more Investorideas.com podcasts visit: https://www.investorideas.com/Audio/.

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio ,  Google Play Music and most audio platforms available.

 

Potcasts is now a certified word mark Trademark on the blockchain through Cognate, Inc. CM Certification-Registration Number: 10468217708

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast , Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.

 

Learn more about sponsoring this podcast or be a guest and our other branded content opportunities at Investorideas.com

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android 

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Contact Investorideas.com

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  Get more Cannabis Stock Investor Ideas – news, articles, podcasts and stock directory